The EURJPY begins the correctional decline – Analysis – 28-10-2021
The EURJPY price formed correctional bearish attack, affected by stochastic negativity, to notice crawling below 132.00 support line and move to the correctional bearish track again.
These factors along with 132.00 level forming additional barrier allow us to expect resuming the negative attempts, to target 131.40 followed by reaching 23.6% Fibonacci correction level at 130.80.
The expected trading range for today is between 132.00 and 131.40
The expected trend for today: Bearish
Wheat price attempts to recover – Analysis - 28-10-2021
Wheat price provided clear positive trades yesterday and attempted to return to the bullish channel, but it returns to trade below it, which keeps the bearish trend scenario valid and active for the upcoming period, supported by stochastic negativity, waiting to visit 741.90 mainly.
Note that breaching 764.50 will stop the expected decline and lead the price to regain the bullish trend again, to head towards visiting 782.20 areas initially.
The expected trading range for today is between 740.00 support and 765.00 resistance.
The expected trend for today: Bearish
Sugar price hits the target – Analysis - 28-10-2021
Sugar price succeeded to touch our first waited target at 19.72 and settled there, noting that moving above the EMA50 supports the chances of achieving more expected rise in the upcoming sessions, as breaching the mentioned level represents the key to rally towards 20.63 as a next main target.
Therefore, the bullish trend will remain valid and active for the upcoming period, noting that failing to breach 19.72 will press on the price to turn to decline and test 19.16 initially.
The expected trading range for today is between 19.35 support and 20.00 resistance
The expected trend for today: Bullish
Soybean price attempts positively – Analysis - 28-10-2021
Soybean price settles above the breached bearish trend line, and provided positive trades yesterday, to support the continuation of the expected bullish trend scenario for the upcoming period, which depends on the price stability above 1225.90, reminding you that we are waiting to visit 1270.00 as a first positive station.
The expected trading range for today is between 1240.00 support and 1265.00 resistance.
The expected trend for today: Bullish